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[In-depth] Global market wrap-up _ 081919

2019-08-19 0 Dailymotion

증시 대담<br /><br />It's time now for an in-depth look at the global markets this afternoon.<br />And for that, I'm joined on the line by Dr. Hwang Sei-woon, research fellow at the Korea Capital Market Institute.<br />Dr. Hwang, thank you for coming on today.<br />Thank you.<br />Last Friday, Wall Street ended sharply higher as concerns over interest rates seemed to ease. Here in Korea, stocks were up on this Monday. What's the story today?<br />In Wall Street, stocks ended higher Friday as a rebound in bond yields eased fears of a recession that sent stocks tumbling earlier in the week. Major stock averages are set to post their third straight weekly losses with the S&P 500 down about 1% so far. August has been a volatile and brutal month for the stock market as the Dow has lost nearly 4%.<br />The yield curve inversions along with U.S.-China trade war are big drivers of market movements.<br />Last week, we saw the rate on the U.S. 10-year Treasury fall below that of the two-year, adding to fears of a global recession. Why did this happen, and what do you see happening this week on that front?<br />Bond yields climbed back from their historic lows last week. The U.S. 30-year Treasury yield dropped to a record low Thursday, while the yield on the benchmark 10-year notes dipped to a three-year low, as investors sought out safe-haven assets.<br />This Friday, Fed Chair Jerome Powell will will be giving a speech in Jackson Hole, Wyoming. The IMF is sending evaluators to Korea this week as well. Tell us more about that and other events scheduled this week.<br /><br />Here are some notable events coming up:<br />Minutes of the Fed’s July meeting will provide details on the discussions leading to the first interest-rate cut in a decade when they are released on Wednesday.<br />Kansas City Federal Reserve Bank hosts its annual central banking symposium in Jackson Hole, Wyoming, starting Thursday. Fed chair Jerome Powell will give remarks on Friday.<br />Alright, Dr. Hwang thanks for coming on today as we start the week.<br />That's where we'll have to leave it today.<br />We appreciate it.<br />

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